Merc6 Posted September 7, 2014 Share Posted September 7, 2014 Little Known Fact #452, from your friendly Insurance Agent: If your car is going to be in storage for an extended period of time, you can call your insurance agent/hotline and suspend roadgoing and liability coverage, which can significantly lower your monthly premium. If the car will not be driven at all for a period of time longer than 6mos-1 year + (Longer than the length of standard insurance contracts), you can choose to non-renew, and not pay anything at all. You should also notify your local DOL that the vehicle is in storage, so that when you choose to renew the vehicle, you won't be faced with back fees for title and registration. Rolling a loss of two cars into the loan for a new car is probably one of the worst financial decisions you can make, short of gambling away your entire paycheck. My Legacy is under storage. 2005 Satin White Pearl Subaru Legacy 2.5 GT Unlimited 5EAT (Project Car) 2019 Agate Black Ford Explorer XLT 4WD (DD) Link to comment Share on other sites More sharing options...
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